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Fitch upgrades Nicaragua's Lafise Bancentro

Wednesday, August 20, 2014

Financial services firm Fitch Ratings upgraded Nicaragua's Lafise Bancentro bank's grade from F1 to F1+.

Fitch said it made the decision due to the bank's improvement in profitability, low debt rates in its credit portfolio and the continuous strengthening of its assets.

The bank has $1.55 billion in assets and a 28 percent market share.

Source (in Spanish): El Nuevo Diario